Friday, August 2, 2019

Tag "Kemi Adeosun"

    Adeosun, Jibrin, Ocholi…. ministers who didn’t last the distance with Buhari

Adeosun, Jibrin, Ocholi…. ministers who didn’t last the distance with Buhari

Each of you in this room has a unique skill and strength... it's this quality that made me retain my cabinet for the full term.Those were the words of  President Muhammadu Buhari to members of his cabinet in the valedictory federal executive council (FEC) meeting which held on May 22. Despite complaints from the public and suggestions from experts, Buhari [...]

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    Heineken Nigeria announces plan to raise prices

Heineken Nigeria announces plan to raise prices

Heineken Nigeria says it will raise the price of its products to offset the increased cost of production due to inflation and increased taxes.Kolawole Jamodu, Heineken Nigeria chairman, was quoted to have said the company expects excise duties to increase to by 67% to N35 per litre of product in the second half of 2019.“We need to increase prices to [...]

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    ‘N115m fraud’: Court frees suspended SEC DG

‘N115m fraud’: Court frees suspended SEC DG

A federal capital territory (FCT) high court has discharged Mounir Gwarzo, suspended director-general of the Securities and Exchange Commission (SEC), in the N115 million fraud suit filed against him.In his ruling on Tuesday, Hussein Baba-Yusuf, the judge, held that the prosecution could not establish any prima facie case against the defendants.Zakwanu Garba, the co-defendant and executive commissioner of the commission, [...]

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    FG to review alcohol taxes after companies struggle to make profit

FG to review alcohol taxes after companies struggle to make profit

The federal government says it is carrying out a review of the excise duties imposed on wines and spirits.This review is coming nine months after President Muhammadu Buhari approved the 17% increase in tariff on alcohol and tobacco products.Kemi Adeosun, the former minister of finance, had argued that the review will increase government revenue and discourage the consumption of the items [...]

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    PwC: Nigeria needs money, yet paying taxes is difficult

PwC: Nigeria needs money, yet paying taxes is difficult

Taiwo Oyedele, head of tax, PwC Nigeria, says Nigeria is one of the most difficult places to pay tax despite the government's need for taxpayers' money.Speaking at the recently held Tax Academy Clinic, the tax master advised the tax authorities to make technology the platform for paying taxes; not as an option."Technology makes things faster, more efficient and more cost-effective. [...]

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    Adeosun played very significant role in the Lagos-Ibadan rail, says Amosun

Adeosun played very significant role in the Lagos-Ibadan rail, says Amosun

Ibikunle Amosun, governor of Ogun state, says Kemi Adeosun, former minister of finance, played a significant role in the execution of the Lagos-Ibadan railway, which was tested on Friday.Speaking on the train, during the test from Iju, Lagos, to the Ogun state capital, Abeokuta, Amosun said he knows for a fact that Adeosun and her ministry played an active part [...]

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    Millionaire snake, Ganduje’s dollars, Adeosun saga… 10 controversies of 2018

Millionaire snake, Ganduje’s dollars, Adeosun saga… 10 controversies of 2018

From the Kemi Adeosun certificate saga, Abdulahi Ganduje’s bribery allegations to the sex scandal that consumed Richard Akindele, a university professor, the dramas never seized in 2018. Just when you felt you’ve had the last of it, another resurfaced. Each year presents a myriad of issues to be recorded in the country’s history. In 2018, so many events dotted the landscape. [...]

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    The whistle blown has been ignored

The whistle blown has been ignored

Two years ago, the Buhari administration adopted the Whistleblower policy as a component of the fight against corruption. The introduction of the policy was sequel to the deliberate refusal of the national assembly to pass the Whistleblower Bill sponsored by some legislators in 2007. Like the Treasury Single Account (TSA) and Bank Verification No (BVN) the Whistleblower policy is said [...]

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    Shittu, Adeosun and the NYSC

Shittu, Adeosun and the NYSC

From the look of things, the National Youth Service Corps (NYSC) may kick-start the redemption in public service integrity that Nigerians have always craved for. Beginning with the whistle blown by the highly-respected news medium, Premium Times, on the dud NYSC certificate of former Minister of Finance, Mrs. Kemi Adeosun and the latest revelation about the failure to undergo the [...]

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    Like Adeosun, Adebayo Shittu caught in NYSC scandal

Like Adeosun, Adebayo Shittu caught in NYSC scandal

Adebayo Shittu, minister of communications, reportedly failed to participate in the National Youth Service Corps (NYSC) scheme.Premium Times is reporting that the minister skipped the compulsory programme despite graduating from the University of Ife (now Obafemi Awolowo University, OAU) at age 25.The NYSC act makes it compulsory for all Nigerians who earn degrees or higher national diplomas from tertiary institutions in [...]

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    Lessons from Adeosungate

Lessons from Adeosungate

Nigeria’s former Minister of Finance (2015-2018), Kemi Adeosun threw in her letter of resignation on Friday, September 14, to bring to a temporary closure, the public outcry and the embarrassment that her possession of a fake National Youth Service Corps Exemption Certificate had generated since July when it was first reported. Her letter of resignation in which she blames “trusted [...]

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    PDP to May: Don’t shelter Adeosun in UK

PDP to May: Don’t shelter Adeosun in UK

The Peoples Democratic Party (PDP) has asked the United Kingdom not to shield Kemi Adeosun, embattled ex-minister of finance, from prosecution.Adeosun, who resigned after admitting that her National Youth Service Corps (NYSC) exemption certificate was forged, is said to have departed to the UK.In her resignation letter, Adeosun said she did not know the certificate was falsified as she relied [...]

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    I am in good hands, says Zainab Ahmed as she takes charge of finance ministry

I am in good hands, says Zainab Ahmed as she takes charge of finance ministry

Zainab Ahmed, acting minister of finance, assumed duty on Monday, expressing hope that she is in good hands.President Muhammadu Buhari appointed her following the resignation of Kemi Adeosun who was caught in a scandal of forging the exemption certificate of the National Youth Service Corps (NYSC).Ahmed described the task ahead of her as challenging, promising to tap from the experience [...]

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    Kemi Adeosun’s resignation: The nakedness of a nation

Kemi Adeosun’s resignation: The nakedness of a nation

On (the) Friday morning, 14th of September, 2018, it was quietly leaked by one of the national dailies—that the former Hon. Minister of Finance had resigned after about two months that the news of her fake NYSC exemption certificate was first divulged to the whole world by an online medium. As an effect of this feat, Nigerians began to shower [...]

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    APC: Adeosun’s resignation shows character, integrity

APC: Adeosun’s resignation shows character, integrity

The All Progressives Congress (APC) says the resignation of Kemi Adeosun as minister of finance is an act of honour, strength, character and integrity.Yekini Nabena, acting national publicity secretary of the APC, said this in a statement on Sunday in Abuja.In her resignation letter to the president, Adeosun admitted that her National Youth Service Corps (NYSC) exemption certificate was forged.The [...]

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    Adeosun ‘departs Nigeria’ after resignation

Adeosun ‘departs Nigeria’ after resignation

Kemi Adeosun, Nigeria's former minister of finance, has departed the country, a day after turning in her resignation letter.The minister had resigned after admitting that her National Youth Service Corps (NYSC) exemption certificate was forged.In her resignation letter, Adeosun said she didn't know the certificate was falsified as she relied on associates to obtain it after she returned to the [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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